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the fiscal cliff. the tax hikes will kick in january 1. danielle nottingham on the other hand what both sides are saying. >> reporter: top congressional leaders met with president obama. the president called the meeting constructive but reminded lawmakers there is not much time left. >> we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. >> harry reed turned to is the gnat floor. >> we are engaged in discussions, the leader myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> we are going to do the best we can for the caucuses we have and the country that is waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits an some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism nay will get the job done, but the president has a back up plan just in case. >> if an agreement isn't reached in time, between senator reed and senator mcconnell, i will urge reed to
away to get a handle on crime. >> my own mom had christmas dinner told me do not raise my taxes. >> the bay area's newly elected congressman getting plenty of advice on his way to washington. what he says he can teach the old guard about compromise. >> new at 10, a police officer arrives home to find he's become a crime victim. three burglars caught in the act of stealing the policeman's guns. christin ayers on what happened next. >> reporter: police say burglaries in this area have become so widespread that even cops have become targets. >> we do have a lot of law enforcement folks that live in our city. they are the victims of burglaries. >> reporter: most recently last night. three burglars already ransacking a police officer ice home here in southeast ann tee job when the officer came home. >> interrupted the burglary and three subjects fled out of the back of the home. >> reporter: the officer chased them but was forced to stop when they fired a warning shot in the air. months ago an officer who lived in brentwood shot and injured a suspected burglar. it did not appear the
of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but has yet to respond to fever re-reduce reducing medication. >>> there is a settlement in the runaway car deb
spending cuts and massive tax hikes after january 1st. >> what is the reality? we checked in with current san francisco mayor ed lee and former mayor womeny brown. our question on the fiscal cliff, how much of this is the politics and how much of it is show for the public and real deal cutting? >> first of all, none of it is show. it is really politicians trying their best to prevail of what they promised their voters they would do. that is what it is. they are not postponing on purpose. they are going as long as they can. willy brown said, and i agreed, my voters would have to say i didn't make the fight, what i promised to do. >> reporter: what you promised do isn't after you it is down and see the facts isn't exactly the right way to go. what do you do politically then? >> for me i naturally try to get that information out there and let the public and certainly everybody looking at the budget process understand what changed circumstances we face. for me budget has been a process where you don't really hide things. you really have to tell everybody what is going on. >> the question
here. there is only a week left to avoid the tax hikes and spending cuts that will impact almost every single american. tonight, the democratic senate leader might take the lead in crafting the compromise to prevent the tax hikes on at least the middle tax cut, which is the president's pardon plea. >>> and one of the president's last acts before leaving washington, caught some of the holiday travelers off guard today. the reporter, on how an unexpected federal holiday took on some christmas vacations. >> really upset. at this point i don't know what to do now. we just need to wait. we've been here for 7:30 in the morning. >> reporter: stranded on christmas eve, it's the same story for dozens who were suppose to have renewed or pick up passports today. they had appointments scheduled for today, including this one. and he was separated from his family as he is suppose to catch a flight to mexico tomorrow. and to see his wife and 2-year- old. >> it's extremely frustrating, disappointing that we won't be able to see them. from my daughter for christmas. >> reporter: and they were suppose t
that approach. >>> and there could be another tax hike on the horizon for california smokers. papers have been filed for a 2014 ballot initiative to increase the cigarette tax by another $1 a pack. that would raise about $800 million for the university of california system. among the supporters, lieutenant governor newsome. after nearly two months since superstorm sandy devastated the east coast, thousands of people are still trying to rebuild. days before christmas, volunteers delivered a little hope to one family. erika is in new york with that story. >> reporter: lanny doesn't have a job this christmas. superstorm sandy destroyed the restaurant where she and her three daughters worked. it also wiped out the first floor of their home in breezy point, new york. >> do you just want to be back in your home, even if it's not going to be the same? >> reporter: volunteers are trying to make that happen. days before christmas, seven of them put up insulation, an expensive job that this single mother says she just doesn't have money for right now. >> it's a relief. it's like a burden off your should
away from the tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid who is crafting a package on his own. it would extend the bush era tax cuts for households making less than $250,000 a year including the short-term spending cuts. >>> and it is a scary statistic for the recent college graduates. the number of young californians with the degrees working in restaurants or the retail, they have nearly doubled over the last five years. cbs 5 reporter tells us that these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season, or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau, there are about 260,000 young adults with college degrees in california, taking work and food service in retail because they can't get anything else. >> it's pretty sad now, yeah. >> reporter: graduating with a computer science degree. >> i graduated with my bachelor's in
Search Results 0 to 6 of about 7